Wealthsimple

Wealthsimple in its acquisition of SimpleTax

Client

Wealthsimple

Value

-

Service

Emerging and High Growth Companies

Date Closed

September 2019

Industry

FinTech

Lead Office

Toronto


 

On September 24, 2019, Wealthsimple announced completion of its acquisition of Canadian tax software company, SimpleTax, which marks the financial technology company’s first move outside of saving and investing. The acquisition adds tax-filing capabilities to Wealthsimple’s portfolio, which includes an online investment platform, high interest savings account and a commission-free trading platform.

Wealthsimple is a Canadian online investment management service that builds a personal, low-cost portfolio and puts your money to work like the world’s smartest investors. Wealthsimple invests your money in a globally diversified portfolio of low-cost index funds, and their cutting-edge technology helps earn the best possible return, while optimizing your tax bill.

Osler, Hoskin & Harcourt LLP advised Wealthsimple with a team led by Chad Bayne, Justin Dharamdial and Jeremy Lin (Emerging and High Growth Companies) and Steven Dickie and Summer Danakas (Employment & Labour) and Dov Begun (Tax).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Jeremy Lin

Jeremy Lin

Associate, Emerging and High Growth Companies

Steven Dickie

Steven Dickie

Associate, Employment & Labour

Summer Danakas

Summer Danakas

Associate, Employment & Labour

Dov  Begun

Dov Begun

Partner, Taxation